The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"67 Sam... also fires off these challenges that have me scratching my head in that they show he has not followed things or understood things and the things he comes up with in return are hoplessly off target. That seems particularly patronising and inaccurate.
The three posts I made today so far were:
welcome back
report on mpc
comment on mpc speed in increasing rates
Now, lets see how that compares to Epro's eighteen posts so far today
The MEP's caught taking bribes from Qutar
Gateboys career
Having a go at LTI
More Gateboy career and a bit of "who's lying?"
Random solo thread loosely based on a real story of missing BTC
More of "who's lying?"
Christmas presents
The only other person I have seen post as prolifically as you is Plato.
You do not say what motivates you to suddenly arrive here and tuck your feet in so quickly. You never mention what you do for a living, your circumstances or your outlook or even why you are holding LLOY, as you keep claiming to do.
Mainly you just seem to think of yourself as top dog here and the way to maintain that is by posting incessantly, often belittling others, while trying to ingratiate yourself on those who will tolerate it.
Keep scratching your head. I am not interested in you.
But I will respond when I am slighted by you.
"MPC have been behind the curve for all of 2022"
Yes the rises have been made in baby steps. Some say last Decembers commencement of a 0.15 increase was too little and too late. Nonetheless every 2022 MPC meeting has still seen rates increase and they commented today "Inflation was expected to fall sharply from mid-2023, to some way below the 2% target in years two and three of the projection". The breadth of vote between no increase and 0.75% increase shows their individual views are quite diverse. Rates can still easily reach 4.5% by mid 23 at this pace.
"Invest your money regularly in the worst performing UK bank (by share price) over the last 12 months. The reasoning is that because we know the banks really are too big to be allowed to fail (RBS/Natwest) that this essentially acts as a guarantee of at least not losing all your money."
Biggest mistakes I have made so far are lack of diversification in sectors and countries. It doesn't sound all bad advice but not sure why a ftse 100 tracker wouldn't be better if you want a lower risk 4% return. I wouldn't want to have been in Metro. Banks haven't achieved much to shout about in the last 5 years and I still wonder if it might take another five for Lloyds to impress.
"It's my biggest holding. So far so good"
Likewise, I am OK and in profit from doubling down in the pandemic but consequently now very overweight in LLOY in my portfolio.
Three quarters of my shares are in an ISA which I hope to use to repay/reduce the mortgage in c.5+ years time. So just to be clear Im not staking my retirement income on the black horse; but it will influence exactly when that joyful moment in my life might occur.
I feel pretty good about holding right now, it's been a bumpy road since 2016. There is very good insight and advice offered on this board for inexperienced investors like myself, but inevitably it's the wheat amongst the chaff.
Card
"Hope it's ok to interrupt"
Nothing going on here to worry over.
Well done for staying and asking a question. It was just too much for Humpy.
My non expert guess is whether it's a mild and long recession or more severe will determine the level of Lloyds defaults. Either way it isn't worth me selling, unless Im forced. I feel OK about the prospects in two to three years if they make a success of being a landlord and take more of the retirement savings and investments market.
What is your purpose in holding Lloyds?
"less shares means smaller dividend payment on the next dividend payout"
If the amount of profit distributed remained equal then dividend per share would increase proportionately with the reduction in number of shares in issue.
"I have a rabid hatred of authority" sorry to hear that and thanks for clear answer.
Can't see why they need to share anything other than your anonymised data and I wouldn't answer to cold callers either. Must have been targeting your postcode I guess.
" he was not at the premises for long."
Gaz, do you think ONS surveys aren't telling us anything useful? Or did you think it was fraud?
Just curious, not critical; no-one has to take part in them if they don't want to.
Ownership doesn't guarantee profit, but theres no profit to be had without ownership.
Increasing your ownership will proportionately increase the income you receive, from any profit made.
Whats the problem with that?
"These are shares that Lloyds receive money for."
No idea how it works; had assumed staff benefit was a performance related opportunity to buy at less than market value.
Good to remember they get income for it, I hadn't. But confidence must rest on being able to maintain successive reductions year on year in the number of shares in issue through buybacks. Otherwise it will be like just treading water, at the expense of making extra acquisitions or giving special dividends.
ff
"Why all those new shares? Do we need more?"
A good question that I have also asked and still feel ambivalent about. No, I'd prefer all expenses relating to staffing are included in that years costs; but yeah, Lloyds need to have staff that can invest in their own company to have more chance of retaining them in a competitive sector.
Regular new share issues dilute the effect of buybacks. So I would be hopeful this years programme is repeated in 2023, while the share price is still low.
And that it is maintained in the future subject to a progressive and sustainable dividend. So far that seems to be the Boards rhetoric, so still I feel positive about holding.